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A comment on The World’s Favorite New Tax Haven Is the United States.

Re:The World’s Favorite New Tax Haven Is the United States by _Codemonkeyism on Wednesday January 27, 2016 @12:02PM (#10981178)
I found "Treasure Islands: Tax Havens and the Men who Stole the World" a very interesting book on tax havens, and it made the point about the US.

I also found this idea from the book enlighting: All the tax havens around the US, they don't have 'real' banks, they put the money into NYC banks. Same with the UK: Tax havens in the cloud/former empire of the UK put the money into banks in London. The real beneficiary are not those islands, but US and UK banks.

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Re:The World’s Favorite New Tax Haven Is the United States by xmr on Wednesday January 27, 2016 @12:22PM (#10981347)
Plainly not true; certainly for banks in the UK overseas and crown dependencies.
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Re:The World’s Favorite New Tax Haven Is the United States by zekevermillion on Wednesday January 27, 2016 @05:09PM (#10983918)
This may actually be true due to correspondent banking -- e.g., the Bank of Drug Dealers and Terrorists based on an oil rig in the Pacific may in fact be a correspondent with CitiBank (just a fictional scenario of course, I'm sure Citi would never agree to any relationship with such a sketchily named bank)
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Re:The World’s Favorite New Tax Haven Is the United States by hackerboos on Wednesday January 27, 2016 @04:53PM (#10983785)
The largest bank in the Seychelles (a known tax evasion jurisdiction) is Barclay's, based in London.
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Re:The World’s Favorite New Tax Haven Is the United States by _Codemonkeyism on Thursday January 28, 2016 @03:14AM (#10987028)
Plainly true, those 'banks' or trusts don't have their own data centers and infrastructure where the money just 'rests' as records in databases they put it into their accounts in other banks, London banks in this case to make more money.
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